RBC Capital Maintains Sector Perform on Sylvamo, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew McKellar maintains a Sector Perform rating on Sylvamo (NYSE:SLVM) and raises the price target from $56 to $63.
May 13, 2024 | 2:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital has maintained its Sector Perform rating on Sylvamo and increased the price target from $56 to $63, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Matthew McKellar suggests a strong belief in Sylvamo's potential for growth or improved performance, which could positively influence investor sentiment and the stock's short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100